Tokenisation demands organisational change from investment managers

A NOTE from the International Monetary Fund in July 2026 observes that the current debate on tokenisation tends to focus on its impact on infrastructures and products.

Industry consensus appears to be that tokenisation’s benefits are faster settlement, the possibility of fractional ownership and potentially novel distribution channels.

Pilot transactions under Project Guardian, led by the Monetary Authority of Singapore, indicate that at least some of these benefits can be realised within the infrastructure of regulated market participants.